TerraVest Industries Income Statement

Financials in millions CAD. Fiscal year is October - September.

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	1,545	1,371	911.82	678.35	576.7	307.46
Revenue Growth (YoY)	68.23%	50.38%	34.42%	17.63%	87.57%	1.05%
Cost of Revenue	1,132	989.87	648.45	512.39	452.32	226.83
Gross Profit	413.35	381.29	263.37	165.96	124.39	80.63
Selling, General & Admin	277.28	241.61	144.19	87.58	73.36	34.51
Other Operating Expenses	-58.23	-32.05	-2.69	-1.76	-17.04	-4.5
Total Operating Expenses	219.05	209.56	141.5	85.82	56.33	30.01
Operating Income	194.29	171.72	121.87	80.14	68.06	50.63
Interest Income	-	-	-	0.01	-0.06	-0.08
Interest Expense	-60.82	-49.79	-25.14	-15.88	-9.34	-4.51
Total Non-Operating Income (Expense)	-60.82	-49.79	-25.14	-15.87	-9.4	-4.58
Pretax Income	133.48	121.94	96.73	67.27	58.66	46.05
Provision for Income Taxes	30.31	23.58	23.49	22.64	11.89	9.64
Net Income	91.13	86.65	63.57	42.07	45.25	36.62
Minority Interest in Earnings	14.84	11.71	9.67	7.56	1.52	-0.21
Net Income to Common	91.13	86.65	63.57	42.07	45.25	36.62
Net Income Growth	21.62%	36.31%	51.10%	-7.03%	23.58%	36.44%
Shares Outstanding (Basic)	21	20	19	18	18	18
Shares Outstanding (Diluted)	21	21	19	18	18	18
Shares Change (YoY)	9.00%	8.51%	6.64%	0.16%	-1.41%	-3.57%
EPS (Basic)	4.38	4.27	3.41	2.35	2.53	2.02
EPS (Diluted)	4.25	4.13	3.29	2.32	2.50	2.00
EPS Growth	11.55%	25.53%	41.81%	-7.20%	25.00%	40.84%
Free Cash Flow	98	44.36	100.71	46.09	-5.61	4.66
Free Cash Flow Growth	120.92%	-55.95%	118.53%	-	-	-91.41%
Free Cash Flow Per Share	4.57	2.12	5.21	2.54	-0.31	0.25
Dividends Per Share	0.725	0.700	0.600	0.500	0.400	0.400
Dividend Growth	3.57%	16.67%	20.00%	25.00%	-	-
Gross Margin	26.76%	27.81%	28.88%	24.47%	21.57%	26.23%
Operating Margin	12.58%	12.52%	13.37%	11.81%	11.80%	16.47%
Profit Margin	6.68%	7.17%	8.03%	7.32%	8.11%	11.84%
FCF Margin	6.34%	3.24%	11.05%	6.79%	-0.97%	1.52%
EBITDA	194.29	171.72	121.87	80.14	68.06	50.63
EBIT	194.29	171.72	121.87	80.14	68.06	50.63
EBIT Margin	12.58%	12.52%	13.37%	11.81%	11.80%	16.47%
Effective Tax Rate	22.71%	19.33%	24.28%	33.65%	20.26%	20.93%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.